Today, Retirement Systems of Alabama Buys 5,402 Shares of Paypal Holdings Inc. (PYPL)

Today, Retirement Systems of Alabama Buys 5,402 Shares of Paypal Holdings Inc. (PYPL)
Retirement Systems of Alabama boosted its stake in Paypal Holdings Inc. (NASDAQ:PYPL) by 1.0% during the third quarter, according to its most recent filing with the SEC. The firm owned 567,695 shares of the company’s stock after buying an additional 5,402 shares during the period. Retirement Systems of Alabama’s holdings in Paypal Holdings were worth $23,258,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PYPL. Winslow Evans & Crocker Inc. boosted its position in Paypal Holdings by 3.5% in the third quarter. Winslow Evans & Crocker Inc. now owns 2,438 shares of the company’s stock valued at $100,000 after buying an additional 82 shares during the last quarter. SevenBridge Financial Group LLC purchased a new position in Paypal Holdings during the second quarter valued at $120,000. Feltz Wealth PLAN Inc. purchased a new position in Paypal Holdings during the second quarter valued at $100,000. Global X Management Co. LLC boosted its position in Paypal Holdings by 253.7% in the second quarter. Global X Management Co. LLC now owns 3,445 shares of the company’s stock valued at $126,000 after buying an additional 2,471 shares during the last quarter. Finally, Mycio Wealth Partners LLC boosted its position in Paypal Holdings by 35.2% in the second quarter. Mycio Wealth Partners LLC now owns 3,494 shares of the company’s stock valued at $128,000 after buying an additional 909 shares during the last quarter. Hedge funds and other institutional investors own 78.13% of the company’s stock.

Shares of Paypal Holdings Inc. (NASDAQ:PYPL) traded up 0.52% on Friday, hitting $40.26. The stock had a trading volume of 2,324,478 shares. Paypal Holdings Inc. has a 12 month low of $30.52 and a 12 month high of $44.52. The stock has a market cap of $47.51 billion, a PE ratio of 35.63 and a beta of 1.06. The stock has a 50 day moving average of $40.65 and a 200-day moving average of $38.82.

Paypal Holdings (NASDAQ:PYPL) last released its earnings results on Thursday, October 20th. The company reported $0.35 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.35. The company earned $2.67 billion during the quarter, compared to analysts’ expectations of $2.65 billion. Paypal Holdings had a return on equity of 10.67% and a net margin of 13.23%. The firm’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.31 EPS. Equities research analysts anticipate that Paypal Holdings Inc. will post $1.50 EPS for the current year.

A number of research analysts recently commented on the company. Vetr cut Paypal Holdings from a “strong-buy” rating to a “buy” rating and set a $46.45 price target on the stock. in a research report on Tuesday, November 8th. Robert W. Baird restated an “outperform” rating and issued a $48.00 price target on shares of Paypal Holdings in a research report on Saturday, October 22nd. Zacks Investment Research cut Paypal Holdings from a “hold” rating to a “sell” rating in a research report on Saturday, September 24th. Jefferies Group restated a “buy” rating and issued a $48.00 price target on shares of Paypal Holdings in a research report on Tuesday, September 20th. Finally, Mizuho raised their price target on Paypal Holdings from $46.00 to $48.00 and gave the stock a “buy” rating in a research report on Sunday, October 23rd. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-three have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $45.21.

In related news, EVP Gary J. Marino sold 1,726 shares of the firm’s stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $40.87, for a total transaction of $70,541.62. Following the completion of the transaction, the executive vice president now owns 44,505 shares of the company’s stock, valued at approximately $1,818,919.35. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Aaron Anderson sold 2,644 shares of the firm’s stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $41.78, for a total value of $110,466.32. Following the transaction, the vice president now directly owns 10,043 shares of the company’s stock, valued at approximately $419,596.54. The disclosure for this sale can be found here. Corporate insiders own 7.00% of the company’s stock.

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